Seek Limited · ASX:SEK

Seek — Shareholder Meeting (October 2006)

20 slides from Seek's shareholder meeting presentation, Oct 31, 2006

  1. Slide 1: SEEK Limited Annual General Meeting

    seek © © seek learning COE SEEK Limited Annual General Meeting 315* October 2006

  2. Slide 2: Agenda

    Agenda © seek » Ordinary Business : 1. Presentation by Joint Chief Executive Officers 2. Tabling & Consideration of 2006 Financial Reports 3. Remuneration Report 4. Election of Directors

  3. Slide 3: Joint CEO Update

    © seek Joint CEO Update Paul & Andrew Bassat

  4. Slide 4: Overview

    Overview .... =i) seek » Strong results in FYO6 » Ongoing migration from print to online is driving growth in Employment business « Significant growth opportunities « — Continuing to build on our organisational capability « Obsession with great execution

  5. Slide 5: Strong Financial Performance in FY06

    Strong Financial Performance in FYO6.... © seek FYO05 FY06 | $Chg |} %Chg FY06 $ Chg % Chg Prospectus $m $m $m Revenue 69.6 106.2 # 52% 90.4 # 17% EBITDA 29.5 ‘a 49.0 # 66% 40.0 # 22% EBITA 28.5 47.5 # 66% 38.8 # 22% NPAT 20.4 C 34.1 BD # 67% 26.3 # 29% EPS 7.6 12.1 5 59% 10.3 # 17% DPS C 8.5 » 7.2

  6. Slide 6: A continuation of SEEK's growth trajectory

    ...IS a continuation of SEEK’s growth © seek trajectory SEEK Revenue and EBITDA Summary FY01 FY02 FY03 FY04 FY05 ~~ FY06 @REVENUE mEBITDA

  7. Slide 7: Strong revenue growth in our core business is continuing

    Strong revenue growth in our core business is continuing.... © seek Employment Revenue up 49.8% in FY06 TCO Driven by : * Volume up 31.3% Across both Australia and New Zealand «Yield up 14.1% . Mix change continues to drive yield Price rise — In line with increased value ‘ Product expansion * SME re

  8. Slide 8: As we benefit from increased market share

    _.. as we benefit from increased seek market share UNIQUE BROWSERS JOB ADVERTISEMENTS (4) absolute absolute Sept-05 — Sept-06 growth %increase “breach | Sept-05 — Sept-06 growth increase % share seek 1,621,017 1,972,681 351,664 22% 66% 87,340 121,544 34,204 39% 55% MyCareer 744,464 906,086 161,622 2

  9. Slide 9: FY07 First Quarter & Outlook

    FYO7 First Quarter & Outlook ...... @ seek . Trading conditions continued to be solid over the first quarter. . Volumes & yield in the Employment business remain strong & are in line with our expectations : * Employment market remains strong * Continued migration of employment advertising from print

  10. Slide 10: Growth

    10 Growth theusands of jabs > millions of opportunities seek

  11. Slide 11: Growth moving forward

    Growth moving forward ...... © seek

  12. Slide 12: Ad volumes continue to migrate from print to online

    Ad volumes continue to migrate from print to online.... © seek 300.0 5 + Print volumes down by - 4 % YOY 1) 250.0 4 * Online volumes up by + 20 % YOY « 200.0 + 180.0 | Online Job Ad index Print Job Ad Index 100.0 $0.0 5 Oe NNN NN NHN MO MOM HM BO HM MM HS te TF + + WD Hw 19 HO HH © Oo bo Oo wo eeese

  13. Slide 13: As ad volumes are following the eyeballs

    .... aS ad volumes are following the seek eyeballs .... Ways to look for a job Intemet @ Newspapers 50% 5 46% 45% + 40% 4 35% 5 30% 4 25% 4 20% 7 15% 4 10% 4 5% 4 0% 38% 39% 35% 35% . If you were looking for a job and could use only one way to find a job, in what way would you choose to look for a j

  14. Slide 14: Online revenue as % of total employment market still very low

    ...but Online revenue as % of total @ seek employment market still very low ..... Revenue Penetration in US v. Australia 30.0% 7 USA 28% 25.0% 4 g \ E noon 4 22% Australia & 2 19% g g 15.0% J o o 14% g 11% $ of 4 ‘© Z 10.0% 4 5.0% | ‘+ 2 year lag — 0.0% T T T T T 1 1 2001 2001 2002 2003 2004 2005 20

  15. Slide 15: SEEK Learning continues to grow

    SEEK Learning continues to grow...... © seek * Strategy : create a marketplace that matches consumers with education and training that meets their needs seek @ . SEEK Learning growth : Learning + Partnerships & Acquisitions + Product extension * Leverage existing sales / marketing & distribution cap

  16. Slide 16: IDP Education Australia acquisition

    IDP Education Australia acquisition © seek . Who is IDP Education Australia ? . Established 1969 and owned by 38 Australian universities . Global company with representation in 52 countries . Two major revenue streams : . Sourcing & placing international students in Australian educational institutio

  17. Slide 17: Zhaopin Investment

    Zhaopin Investment © seek 17 Zhaopin . Established 1995 . Primarily Online Employment classifieds focused on major markets of Beijing, Shanghai, Shenzen and Guangzhou . Supported by Print advertising in second tier markets, as well as Search and Campus recruitment business lines Transaction Acquired

  18. Slide 18: Conclusion

    Conclusion ..... © seek Consistency Strat VY rategy Focus Operational Execution Y Results Financials Y 18

  19. Slide 19: Agenda

    Agenda © seek » Ordinary Business : 1. Presentation by Joint Chief Executive Officers 2. Tabling & Consideration of 2006 Financial Reports 3. Remuneration Report 4. Election of Directors 19

  20. Slide 20: www.seek.com.au

    seek www.seek.com.au 20

SEEK — Shareholder Meeting (October 2006) on 6ix